Cryptocurrency Bitcoin (BTC/USD) is trading at 6121.18. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of level 6250.00 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 5700.20.
Bitcoin (BTC/USD) forecast and analysis on June 24, 2018
The conservative area for Bitcoin sales is located near the middle border of the Bollinger Bands indicator bars at 6600.20. The abolition of the variant of the continuation of Bitcoin fall will be the breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of quotes of the pair above the 6800.50 area, which will indicate a change in the trend in favor of the bullish for BTC/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.